Cooperation between Piraeus Bank and the Greek Government for the payment of Community aid through OPEKEPE

Piraeus Bank, after an open international online competition, organized by the Ministry of Rural Development and Food, by Declaration 3429/Χ.Δ/2014, for the assignment of services for the keeping, cash management and financing of the Special Account of Agricultural Products Guarantee, has been assigned the project for the next 4 years.

Through the implementation of this project, a funding amount of € 2.5 billion is available annually, in order to carry out timely direct payments to farmers and breeders, provided by the Common Agricultural Policy.

Piraeus Bank has the knowledge, experience and skilled manpower to consistently and effectively meet the needs of such cooperation, as is it already runs very successfully, the keeping, cash management and financing of the Special Account of Agricultural Products Guarantee.

Besides, it is the only Bank that has achieved an ISO 9001 certification in cash management and payment of Communal Agricultural Aid for producers.

This action completes a large number of Piraeus Bank initiatives to support the economy primary sector, since this has been right from the beginning, its strategic commitment.